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The major advantage is the increased amount of money stashed away for an emergency, major purchase, retirement or simply peace of mind. Also, saving pocket money is easy - you empty the money from your pocket at the end of the day and whatever is there goes into savings. This then builds and reinforces a habit of being frugal and saving money, which can help a person build other good financial habits.

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Q: What are the advantages of saving pocket money?
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What are the advantages of saving money in the bank?

There are numerous advantages of saving money in a bank for both the person saving the money and others. a. The money you save earns you interest income b. The money you save is lent out as loans to help out others c. The money you save can be withdrawn at any point in future to help you with your financial needs.


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Advantages of saving money, rather than spending it would be that when you save it you can then purchase something bigger. Also, if you ever lose a job or something you would then have something to fall back on.


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* That will make the child feel that 'parents money is not his/her money', * 'It could lead to fights between children', * 'Unhealthy competition amongst children on the amount of pocket money they get' * 'Loss of control on where children spend the money'


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Why is pocket money called pocket money?

Pocket money is called pocket money because money was put into the pockets.If money was in the pocket, the person could spend it


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Saving time, and time is money.


I am wondering if dental insurance plans are worth the money?

I think that some dental insurance plans are definitely worth the money. I would check with my insurance company to find out what they cover in and out of pocket. Then you will be able to see how much you are saving or not saving.


Where can one purchase a pocket calendar?

Pocket calendars can be purchased through office supply stores and department stores. People who are interested in saving money and getting creative can use their home PC and printer to create their own pocket calendars.


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Should 12year olds get pocket money?

The major advantage is the increased amount of money stashed away for an emergency, major purchase, retirement or simply peace of mind. Also, saving pocket money is easy - you empty the money from your pocket at the end of the day and whatever is there goes into savings. This then builds and reinforces a habit of being frugal and saving money, which can help a person build other good financial habits.